A U.S. firm has total assets valued at 1,000,000 located in Germany. This valuation did not change from last year. Last year, the exchange rate was .9434/$. Today, the exchange rate is .9950/$. By what amount did these assets change in value on the firm's U.S. financial statements? $57,947.22 $0 $54,970.60 $57,947.22 $54,970.60 Question 24 (2.5 points) Davis, Inc. has a target capital structure of 65% common stock, 5% preferred stock, and 30% debt. Its cost of equity is 14%, the cost of preferred stock is 8%, and the pre-tax cost of debt is 7%. If the tax rate is 40%, what is Davis WACC? 11.60% 10.76% 8.00% 9.78% 11.08%